Theta Capital Don Launch $200M Blockchain Fund-of-Funds
Amsterdam-base Theta Capital Management don launch dia fifth blockchain fund-of-funds, Theta Blockchain Ventures V, wey dem dey target to raise $200 million to back 10–15 specialized venture firms for digital assets. Di fund dey look for 25% net IRR, wey base on 32.7% net IRR wey dem don achieve since 2018 plus $1.2 billion for assets under management. For May 2025, Theta finish $175 million financing round and plans to diversify by investing in established VCs like Pantera Capital, CoinFund, Polychain Capital and Dragonfly. Even though crypto venture fundraising drop—Galaxy Digital report say dem raise $1.7 billion for Q2 2025 against $4.8 billion for Q1—di firm believe market go recover. Di blockchain fund-of-funds strategy go support early-stage DeFi, NFTs and Web3 projects, and the upcoming Legends4Legends conference for October go discuss stablecoins, blockchain-native financial infrastructure and AI-crypto convergence.
Bullish
Theta Capital strong $200 million blockchain fund-of-funds launch show say institutional people don dey more interested for early-stage crypto business dem. The firm get solid 32.7% net IRR record plus dem dey invest for different top VCs, wey mean say dem believe market go bounce back. For short term, new money fit make venture valuations and trading mood better. For long term, if dem support DeFi, NFTs and Web3 well, plus dem focus on stablecoins and crypto infrastructure, e fit make ecosystem grow and market stable, wey go make people feel positive.